16 Seventh StreetMorgan SA 5320
Property Details for 16 Seventh St, Morgan
16 Seventh St, Morgan is a 3 bedroom, 1 bathroom House and was built in 1880. The property has a land size of 1012m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in May 2015.
Last Listing description (November 2024)
Nestled in the heart of the charming riverside town of Morgan, this enchanting stone cottage from the 1880s exudes timeless appeal. Set on a generous 1012m allotment, this property offers an ideal opportunity for a savvy new owner. Whether you're looking for a weekly rental investment with expected returns between $320 and $340 per week or envisioning a charming Airbnb, the potential here is abundant. Previously occupied by long-term tenants, this property ensures a robust rental market in the area.
Morgan is renowned for its picturesque riverfront and is a beloved tourist destination. Combined with this delightful stone cottage, it presents an ideal Airbnb opportunity for additional income.
Convenient side drive-through access provides ample parking for your boat after a day exploring the majestic River Murray, along with space for your caravan and multiple cars. From the moment you approach this home, its character and charm are unmistakable, hinting at the many stories it holds. The front verandah offers a sun-drenched retreat, perfect for unwinding and enjoying the sunset beneath its graceful bullnose roof.
As you step inside, warm wooden floorboards guide you through the hallway. Bedroom 3 showcases rich jarrah floorboards, panelled ceilings, and a ceiling fan. Across the hall, Bedroom 2 features a cozy fireplace, panelled ceilings, and charming floorboards. The master bedroom, carpeted and with a large window overlooking the backyard, provides a serene retreat with a ceiling fan and practical freestanding wardrobes.
The centrally located lounge room invites you to gather around the stunning open fireplace, ideal for cozy winter nights. It also features a reverse cycle split system, ceiling fan, and a classic sash window.
The eat-in kitchen, with its timber benchtops and electric cooking, retains the charm of the original wood oven and showcases the unique wash stone walls. Adjacent to the kitchen, the formal dining room embodies the home's essence with its exposed stone walls, concrete floor, and rustic heritage-style door.
The expansive rear yard is an entertainer's dream, featuring a large firepit area, an outdoor toilet, well-established gardens, a variety of fruit trees, and a 3m x 3m shed with a concrete slab. Major upgrades have already been completed, including a new roof, ensuring peace of mind for the future.
This property is brimming with potential-whether you're seeking a tranquil riverside escape without the risk of flooding or envisioning it as a charming Airbnb, the opportunities here are endless!
Property Information
Council: Mid Murray Council
Council Rates: $1,263.50 per annum approximately
Zoning: T - Township
Local Government Description: Residential
Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. Elders Real Estate RLA62833
Property History for 16 Seventh St, Morgan, SA 5320
- 29 Oct 2024Sold for $310,000
- 21 Aug 2024Listed for Sale Sold
- 29 May 2015Sold for $162,000
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0About Morgan 5320
The size of Morgan is approximately 172.5 square kilometres. It has 11 parks covering nearly 0.7% of total area. The population of Morgan in 2011 was 611 people. By 2016 the population was 483 showing a population decline of 20.9% in the area during that time. The predominant age group in Morgan is 60-69 years. Households in Morgan are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Morgan work in a labourer occupation. In 2011, 76.9% of the homes in Morgan were owner-occupied compared with 75.4% in 2016.
Morgan has 745 properties. Over the last 5 years, Houses in Morgan have seen a 99.63% increase in median value, while Units have seen a -29.85% decrease. As at 31 October 2024:
- The median value for Houses in Morgan is $243,718 while the median value for Units is $509,289.
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